There is no housing crisis in MoCo or most of the DMV for that matter

[Anonymous]

Anonymous wrote:Its all a tube of toothpaste. You want low wage workers so you can get a burger for under $10? Well you either need to build enough cheap or subsidized housing for them, or deal with 270/495/most other roads being jammed up with drive-till-you-qualifiers coming to make your sandwich.

We make our own burgers with grass fed beef, pickles and fresh rolls from the farmers market.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Interesting article in the Post about how tenants have little legal recourse when a neighbor smokes. They reference a 'non-smoking' building on CT. Ave that is apparently filled with cigarette and MJ fumes. I generally like apartment living, but that's if it's well maintained and people behave with civility. Apparently that is not the case everywhere, and I can see why multi units can be problematic, including for their own residents.

People who live in detached houses also get upset when a neighbor smokes, and have zero legal recourse.

NP. It’s not nearly the same. We used to live in an apartment in DC and the downstairs neighbors smoked. It came up through the bathrooms where there were cutaways for the pipes. It was awful. Half our family has asthma. It’s one of the big reasons we won’t live in an apartment again if we have any other options.

Yes, there is no comparison to having it piped into your bedroom. What's sad is these are no smoking buildings, but it's not PC to enforce laws anymore. So looking out for yourself is best.

Single family detached homes are an indicator species of a declining social compact. So are SUVs and shiny pickups.

huh

[Anonymous]

Anonymous wrote:

Anonymous wrote:Its all a tube of toothpaste. You want low wage workers so you can get a burger for under $10? Well you either need to build enough cheap or subsidized housing for them, or deal with 270/495/most other roads being jammed up with drive-till-you-qualifiers coming to make your sandwich.

We make our own burgers with grass fed beef, pickles and fresh rolls from the farmers market.

The only place you are getting a burger for under $10 is cheap fast food, and they are welcome to close any of those that they can.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm just waiting for the condo market to tank so I can swoop in and buy a great one for a song that I can keep as my city retirement pad. All I see are big condo/apartment building going up and I have no idea who is buying them all. The Whole Foods at Walter Reed has been open for months. I live a mile away and can't be bothered to go check it out. It would require figuring out where the parking garage entrance is. I'm sure that place is going to be a bust.

Not everything has to be for you, and that's ok.

There is very little chance that most of the condos being built will be appreciate much in value. Investing in a condo in DMV to grow one's wealth makes no sense here.

Condos are housing. For people to live in. The main benefit of housing is that people have a place to live.

Unfortunately the people who need housing most can’t these. Why isn’t MoCo building more subsidized housing?

Who doesn't need housing? Everyone needs housing.

The county is building affordable housing. For example here: https://moco360.media/2023/01/19/195-unit-affordable-housing-project-unveiled-in-veirs-mill-corridor/ Could they build more? Sure. I doubt this will be the one and only such project ever built.

There are people that NEED housing and don’t currently have it, and there are those that WANT different housing that what they already have. People with more means have more choices and are not out on the street homeless. People who are wringing their hands about acute housing needs in MoCo seem to have a disconnect about this. The luxury condos going up are not helping the unhoused population no matter how much you want to convince yourself that is the case.

Except where people who might be living in a Luxury apartment go into a luxury condo. Then someone from a mid level apartment that can afford luxury but can’t get it because the market is tight moves in there. Then the lowest end people who can afford move into a higher end one…and then people who might have had even less resources can move into the cheapest, and if they can afford that without q voucher, all the better. Especially since people waiting for vouchers are sometimes double and triple up with family (if they are lucky) and not just included in the explicitly unhoused stats.

Trickle down does actually work for apartments. And if vacancy rates in apartments go up then there is pressure to lower rents, a much more immediate result than lowering cost of real estate.

lol. It’s a nice theory but in practice when the market tilts in favor of renters, landlords warehouse units or convert them to short-term rentals until the market swings back in their favor. Landlords also stop building as soon as rents show signs of leveling off. Whenever trickle down housing has worked at all it hasn’t worked for long, and benefits in the middle and low ends of the market are a fraction of what they are in the high end.

None of this should be surprising. Every trickle down policy in history has caused the wealth gap to grow. Developers have used subsidies and tax breaks to deliver bigger profits, not to cut rents.

I don’t understand why there isn’t more of a focus on these practices. Freeing up the hoarded units could make a meaningful impact in the housing stock RIGHT NOW. Does the build build build crowd not understand this is happening? Do the council members?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm just waiting for the condo market to tank so I can swoop in and buy a great one for a song that I can keep as my city retirement pad. All I see are big condo/apartment building going up and I have no idea who is buying them all. The Whole Foods at Walter Reed has been open for months. I live a mile away and can't be bothered to go check it out. It would require figuring out where the parking garage entrance is. I'm sure that place is going to be a bust.

Not everything has to be for you, and that's ok.

There is very little chance that most of the condos being built will be appreciate much in value. Investing in a condo in DMV to grow one's wealth makes no sense here.

Condos are housing. For people to live in. The main benefit of housing is that people have a place to live.

Unfortunately the people who need housing most can’t these. Why isn’t MoCo building more subsidized housing?

Who doesn't need housing? Everyone needs housing.

The county is building affordable housing. For example here: https://moco360.media/2023/01/19/195-unit-affordable-housing-project-unveiled-in-veirs-mill-corridor/ Could they build more? Sure. I doubt this will be the one and only such project ever built.

There are people that NEED housing and don’t currently have it, and there are those that WANT different housing that what they already have. People with more means have more choices and are not out on the street homeless. People who are wringing their hands about acute housing needs in MoCo seem to have a disconnect about this. The luxury condos going up are not helping the unhoused population no matter how much you want to convince yourself that is the case.

Except where people who might be living in a Luxury apartment go into a luxury condo. Then someone from a mid level apartment that can afford luxury but can’t get it because the market is tight moves in there. Then the lowest end people who can afford move into a higher end one…and then people who might have had even less resources can move into the cheapest, and if they can afford that without q voucher, all the better. Especially since people waiting for vouchers are sometimes double and triple up with family (if they are lucky) and not just included in the explicitly unhoused stats.

Trickle down does actually work for apartments. And if vacancy rates in apartments go up then there is pressure to lower rents, a much more immediate result than lowering cost of real estate.

lol. It’s a nice theory but in practice when the market tilts in favor of renters, landlords warehouse units or convert them to short-term rentals until the market swings back in their favor. Landlords also stop building as soon as rents show signs of leveling off. Whenever trickle down housing has worked at all it hasn’t worked for long, and benefits in the middle and low ends of the market are a fraction of what they are in the high end.

None of this should be surprising. Every trickle down policy in history has caused the wealth gap to grow. Developers have used subsidies and tax breaks to deliver bigger profits, not to cut rents.

I don’t understand why there isn’t more of a focus on these practices. Freeing up the hoarded units could make a meaningful impact in the housing stock RIGHT NOW. Does the build build build crowd not understand this is happening? Do the council members?

Because this is fake news.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm just waiting for the condo market to tank so I can swoop in and buy a great one for a song that I can keep as my city retirement pad. All I see are big condo/apartment building going up and I have no idea who is buying them all. The Whole Foods at Walter Reed has been open for months. I live a mile away and can't be bothered to go check it out. It would require figuring out where the parking garage entrance is. I'm sure that place is going to be a bust.

Not everything has to be for you, and that's ok.

There is very little chance that most of the condos being built will be appreciate much in value. Investing in a condo in DMV to grow one's wealth makes no sense here.

Condos are housing. For people to live in. The main benefit of housing is that people have a place to live.

Unfortunately the people who need housing most can’t these. Why isn’t MoCo building more subsidized housing?

Who doesn't need housing? Everyone needs housing.

The county is building affordable housing. For example here: https://moco360.media/2023/01/19/195-unit-affordable-housing-project-unveiled-in-veirs-mill-corridor/ Could they build more? Sure. I doubt this will be the one and only such project ever built.

There are people that NEED housing and don’t currently have it, and there are those that WANT different housing that what they already have. People with more means have more choices and are not out on the street homeless. People who are wringing their hands about acute housing needs in MoCo seem to have a disconnect about this. The luxury condos going up are not helping the unhoused population no matter how much you want to convince yourself that is the case.

Except where people who might be living in a Luxury apartment go into a luxury condo. Then someone from a mid level apartment that can afford luxury but can’t get it because the market is tight moves in there. Then the lowest end people who can afford move into a higher end one…and then people who might have had even less resources can move into the cheapest, and if they can afford that without q voucher, all the better. Especially since people waiting for vouchers are sometimes double and triple up with family (if they are lucky) and not just included in the explicitly unhoused stats.

Trickle down does actually work for apartments. And if vacancy rates in apartments go up then there is pressure to lower rents, a much more immediate result than lowering cost of real estate.

lol. It’s a nice theory but in practice when the market tilts in favor of renters, landlords warehouse units or convert them to short-term rentals until the market swings back in their favor. Landlords also stop building as soon as rents show signs of leveling off. Whenever trickle down housing has worked at all it hasn’t worked for long, and benefits in the middle and low ends of the market are a fraction of what they are in the high end.

None of this should be surprising. Every trickle down policy in history has caused the wealth gap to grow. Developers have used subsidies and tax breaks to deliver bigger profits, not to cut rents.

I don’t understand why there isn’t more of a focus on these practices. Freeing up the hoarded units could make a meaningful impact in the housing stock RIGHT NOW. Does the build build build crowd not understand this is happening? Do the council members?

The what now?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm just waiting for the condo market to tank so I can swoop in and buy a great one for a song that I can keep as my city retirement pad. All I see are big condo/apartment building going up and I have no idea who is buying them all. The Whole Foods at Walter Reed has been open for months. I live a mile away and can't be bothered to go check it out. It would require figuring out where the parking garage entrance is. I'm sure that place is going to be a bust.

Not everything has to be for you, and that's ok.

There is very little chance that most of the condos being built will be appreciate much in value. Investing in a condo in DMV to grow one's wealth makes no sense here.

Condos are housing. For people to live in. The main benefit of housing is that people have a place to live.

Unfortunately the people who need housing most can’t these. Why isn’t MoCo building more subsidized housing?

Who doesn't need housing? Everyone needs housing.

The county is building affordable housing. For example here: https://moco360.media/2023/01/19/195-unit-affordable-housing-project-unveiled-in-veirs-mill-corridor/ Could they build more? Sure. I doubt this will be the one and only such project ever built.

There are people that NEED housing and don’t currently have it, and there are those that WANT different housing that what they already have. People with more means have more choices and are not out on the street homeless. People who are wringing their hands about acute housing needs in MoCo seem to have a disconnect about this. The luxury condos going up are not helping the unhoused population no matter how much you want to convince yourself that is the case.

Except where people who might be living in a Luxury apartment go into a luxury condo. Then someone from a mid level apartment that can afford luxury but can’t get it because the market is tight moves in there. Then the lowest end people who can afford move into a higher end one…and then people who might have had even less resources can move into the cheapest, and if they can afford that without q voucher, all the better. Especially since people waiting for vouchers are sometimes double and triple up with family (if they are lucky) and not just included in the explicitly unhoused stats.

Trickle down does actually work for apartments. And if vacancy rates in apartments go up then there is pressure to lower rents, a much more immediate result than lowering cost of real estate.

lol. It’s a nice theory but in practice when the market tilts in favor of renters, landlords warehouse units or convert them to short-term rentals until the market swings back in their favor. Landlords also stop building as soon as rents show signs of leveling off. Whenever trickle down housing has worked at all it hasn’t worked for long, and benefits in the middle and low ends of the market are a fraction of what they are in the high end.

None of this should be surprising. Every trickle down policy in history has caused the wealth gap to grow. Developers have used subsidies and tax breaks to deliver bigger profits, not to cut rents.

I don’t understand why there isn’t more of a focus on these practices. Freeing up the hoarded units could make a meaningful impact in the housing stock RIGHT NOW. Does the build build build crowd not understand this is happening? Do the council members?

The what now?

Are you having trouble reading?

[Anonymous]

Anonymous wrote:Signed, a boomer that got their housing for 3 blueberries back in 1940 from a Sears catalog. Go talk to young people, even high earners, on how difficult it is to buy a house nowadays.

That would’ve been the Greatest Generation, or our great-great grandparents. The boomers weren’t even born yet!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Signed, a boomer that got their housing for 3 blueberries back in 1940 from a Sears catalog. Go talk to young people, even high earners, on how difficult it is to buy a house nowadays.

That would’ve been the Greatest Generation, or our great-great grandparents. The boomers weren’t even born yet!

Right- a lot of angst directed at boomers when, in my neighborhood anyway, there are still a fair number of greatest generation residents hanging in there and continuing to live in the house they bought in the 50s. My 95yo neighbor just moved out last year. Maybe if there were better downsizing options for older residents the houses would turn over quicker.

[Anonymous]

You can build cheap housing but there are two many 2 bedroom apts and condos when what's really needed is family housing. You can't find that for a reasonable price close in and so lower income families will need to drive into the city.

[Anonymous]

Anonymous wrote:You can build cheap housing but there are two many 2 bedroom apts and condos when what's really needed is family housing. You can't find that for a reasonable price close in and so lower income families will need to drive into the city.

Lots of families would love 2BR apartments actually- don’t assume your preferences are universal.

[Anonymous]

Also need to change the housing laws. I own an apartment and I will not rent it right now because I don't want to sign a tenant I'll have trouble getting rid of under DC law. I know several other people who used to rent their apartments but are keeping them empty now. It's a fact.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Interesting article in the Post about how tenants have little legal recourse when a neighbor smokes. They reference a 'non-smoking' building on CT. Ave that is apparently filled with cigarette and MJ fumes. I generally like apartment living, but that's if it's well maintained and people behave with civility. Apparently that is not the case everywhere, and I can see why multi units can be problematic, including for their own residents.

People who live in detached houses also get upset when a neighbor smokes, and have zero legal recourse.

NP. It’s not nearly the same. We used to live in an apartment in DC and the downstairs neighbors smoked. It came up through the bathrooms where there were cutaways for the pipes. It was awful. Half our family has asthma. It’s one of the big reasons we won’t live in an apartment again if we have any other options.

Yes, there is no comparison to having it piped into your bedroom. What's sad is these are no smoking buildings, but it's not PC to enforce laws anymore. So looking out for yourself is best.

Single family detached homes are an indicator species of a declining social compact. So are SUVs and shiny pickups.

No comrade they are indicators one has achieved the American dream. Sorry that doesn’t fit with your delusion.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Interesting article in the Post about how tenants have little legal recourse when a neighbor smokes. They reference a 'non-smoking' building on CT. Ave that is apparently filled with cigarette and MJ fumes. I generally like apartment living, but that's if it's well maintained and people behave with civility. Apparently that is not the case everywhere, and I can see why multi units can be problematic, including for their own residents.

People who live in detached houses also get upset when a neighbor smokes, and have zero legal recourse.

NP. It’s not nearly the same. We used to live in an apartment in DC and the downstairs neighbors smoked. It came up through the bathrooms where there were cutaways for the pipes. It was awful. Half our family has asthma. It’s one of the big reasons we won’t live in an apartment again if we have any other options.

Yes, there is no comparison to having it piped into your bedroom. What's sad is these are no smoking buildings, but it's not PC to enforce laws anymore. So looking out for yourself is best.

Single family detached homes are an indicator species of a declining social compact. So are SUVs and shiny pickups.

No comrade they are indicators one has achieved the American dream. Sorry that doesn’t fit with your delusion.

When my forebears arrived in the US in 1906, what were they dreaming of? Escaping pogroms? No! They were dreaming of living in a single-family detached house owned by them!

[Anonymous]

Anonymous wrote:Signed, a boomer that got their housing for 3 blueberries back in 1940 from a Sears catalog. Go talk to young people, even high earners, on how difficult it is to buy a house nowadays.

Go back to your cave. You spew this bs on every thread.

~~ not a boomer